April 10, 2025, 7:21 am
European Union officials have announced a 90‐day suspension of counter-tariffs against the United States in response to President Trump’s recent pause on reciprocal tariffs. This coordinated move is aimed at easing escalating trade tensions by providing both sides with a period for negotiation. The EU’s strategy seeks to prevent further deterioration in trade relations while maintaining economic stability, offering a temporary reprieve that allows policymakers to explore potential compromises.
Steve Verheul, Canada's former top trade negotiator, argues a coordinated global response could accelerate duty removals amid Trump's aggressive trade war, pointing to his tariff reversal as evidence that U.S. policy can be pressured.
On Wednesday, U.S. President Donald Trump put a 90-day pause on his sweeping new 'reciprocal tariffs' on countries facing rates higher than his 10 per cent baseline.
The EU will pause its retaliation against new U.S. tariffs for 90 days, agreeing with Trump’s halt, to allow time for negotiations, according to European Commission President Ursula von der Leyen.
6 stories from 4 sources in 8 days ago #economy #us-relations #global-trade #tariffs #politics #trade #business #foreignpolicy
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